Allspring Global Investments Holdings LLC Grows Stock Position in Camden Property Trust (NYSE:CPT)

Allspring Global Investments Holdings LLC boosted its stake in shares of Camden Property Trust (NYSE:CPTFree Report) by 50.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,891 shares of the real estate investment trust’s stock after buying an additional 5,300 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Camden Property Trust were worth $1,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPT. FMR LLC raised its holdings in Camden Property Trust by 17.5% during the 3rd quarter. FMR LLC now owns 52,767 shares of the real estate investment trust’s stock valued at $4,991,000 after buying an additional 7,874 shares during the period. Stifel Financial Corp raised its holdings in Camden Property Trust by 4.2% during the 3rd quarter. Stifel Financial Corp now owns 34,782 shares of the real estate investment trust’s stock valued at $3,290,000 after buying an additional 1,404 shares during the period. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the 3rd quarter valued at $69,000. O Shaughnessy Asset Management LLC purchased a new stake in Camden Property Trust in the third quarter worth $204,000. Finally, Schonfeld Strategic Advisors LLC increased its stake in Camden Property Trust by 109.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 14,801 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 7,747 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CPT. Royal Bank of Canada increased their target price on Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Mizuho reduced their target price on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. UBS Group increased their target price on Camden Property Trust from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Piper Sandler upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $90.00 to $110.00 in a research note on Monday, May 6th. Finally, StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $107.31.

View Our Latest Stock Report on Camden Property Trust

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $107.50 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $11.45 billion, a PE ratio of 26.35, a P/E/G ratio of 4.26 and a beta of 0.88. The business has a 50-day simple moving average of $105.92 and a two-hundred day simple moving average of $100.23. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, June 28th. Camden Property Trust’s payout ratio is 100.98%.

Camden Property Trust Company Profile

(Free Report)

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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